The first half of the year is traditionally the least active period for the freight transportation industry, which affects order volumes and the pace of revenue recognition. Despite this seasonal impact, RTL Alliance LLC demonstrates steady growth and continues to outperform the market, reflecting a well-chosen development strategy.

Revenue Dynamics
For the first six months of 2025, the company’s revenue reached RUB 4,726 thousand — a 74% increase compared to the same period in 2024 (RUB 2,717 thousand) and a 32% increase compared to 2023 (RUB 3,575 thousand).

This is particularly significant against the backdrop of a general decline in activity across the logistics sector. Not only have we maintained our position, but we have also strengthened our market presence by expanding our client base and service portfolio.

Loss Explanation
For the reporting period, a loss from core operations in the amount of RUB 539 thousand was recorded. This was driven by one-time expenses related to client acquisition and service promotion, as well as a general market decline in freight rates across all types of transportation.

This is the result of a deliberate strategy with a deferred return: the company has intentionally increased investments in customer base expansion and operational process development to ensure scalability and long-term sustainability.

The loss from investment and financial activities is due to a negative revaluation of foreign currency-denominated assets and liabilities. This is an unrealized or “paper” loss that does not affect the company’s current cash flows. It is typical for foreign exchange-indexed business models in international freight forwarding.

Financial Stability and Outlook
Despite temporary losses, the company’s core profit estimates and strategic targets remain unchanged: revenue growth for full-year 2025 is expected to exceed 30% year-over-year, with a target net profit margin of at least 5%.

Investor Commitments
In August 2025, RTL Alliance LLC will redeem its first issuance of investment tokens. In preparation, the company has proactively formed a reserve on the online platform used for token issuance and sales, allocating free cash flow to ensure the timely and full fulfillment of its obligations.

The full report for Q2 2025 is available at the following link.